2002
DOI: 10.4324/9780203022399
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Entrepreneurship and the Market Process

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Cited by 93 publications
(32 citation statements)
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“…Of course, with full information and perfect foresight, all entrepreneurs would enjoy a clear view of the "objectively" existing fitness landscape.. In actuality, however, entrepreneurs have only an imperfect model or theory (Choi, 1993;Harper, 1995) of the profitability implications of alternative combinations of capital goods. This is, of course, what is involved in notions of entrepreneurial appraisal and judgment.…”
Section: Search and Entrepreneurial Judgmentmentioning
confidence: 99%
See 1 more Smart Citation
“…Of course, with full information and perfect foresight, all entrepreneurs would enjoy a clear view of the "objectively" existing fitness landscape.. In actuality, however, entrepreneurs have only an imperfect model or theory (Choi, 1993;Harper, 1995) of the profitability implications of alternative combinations of capital goods. This is, of course, what is involved in notions of entrepreneurial appraisal and judgment.…”
Section: Search and Entrepreneurial Judgmentmentioning
confidence: 99%
“…The best known treatments of entrepreneurship, those of Schumpeter (1934), Knight (1921) and Kirzner (1973), identify entrepreneurship with the commercialization of "new combinations," the exercise of judgment, and alertness, respectively. In these treatments there is, in actuality, rather little on the actual process of setting up the new means-ends framework (Choi, 1993;Harper, 1995). Entrepreneurial searching is somewhat played down.…”
Section: Search and Entrepreneurial Judgmentmentioning
confidence: 99%
“…Casson's (1982) definition of entrepreneurship as the process of making judgemental decisions 1 about the coordination of scarce resources begs the question of what constitutes judgemental gain. Anthropological evidence from the example of rural Greece is applied here to illustrate how such judgemental gain results from handling dissensus rather than a vague notion of uncertainty that is born by the entrepreneur in return for profit as it is suggested in classical entrepreneurship theory (Cantillon 1755;Knight 1921;Harper 1996). Dissensus elevates entrepreneurs to a position that structurally enables them to recognize opportunities and act as institutional agents as well.…”
Section: Dissensus and Entrepreneurial Judgementmentioning
confidence: 99%
“…Being active rather than passive, particularly in relation to opportunity exploitation: taking the initiative, even at high risk, rather than settling for routine; workaholic tendencies; seeking control over others/situations rather than being controlled; aversion to passive, unquestioning conformity; see also 'need for achievement'; 'type A' personalities (Collins, 2004;Harper, 1996;Miner, 2000;Stewart et al, 1999;Cromie and O'Donaghue, 1992;Shane, 2003).…”
Section: (A)mentioning
confidence: 99%